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Back in the black: Oriental Insurance posts a profit of Rs 37.66 cr in FY 24, improves key financials
RR Singh, CMD, Oriental Insurance Company ``We have been...
Pesky calls: IRDAI asks industry players to comply with TRAI norms
In a circular on Tuesday, the insurance regulator has said...
Governments need to be ‘insurers of last resort’ to protect businesses from pandemic risks: Report
Jad Ariss, Managing Director, The Geneva Association, said: “It is a tragedy that businesses, particularly SMEs, have suffered so much financial loss during the pandemic as a result of the lockdowns, which were beyond their control. The public sector had to step in with multi-trillion dollar emergency relief measures. Governments and insurers must work together on how to close the massive protection gap exposed by COVID-19, with governments as the leading players.”
Kenyan insurer Pula offers lifeline to African farmers hit by climate change, to foray into Brazil and India
CEO Thomas Njeru co-founded the company in 2015 with Dutch entrepreneur Rose Goslinga after the pair spotted a gap in the insurance market.
Because of climate change, farmers are having to contend with unpredictable rain patterns, frequent droughts and even the emergence of new pests and diseases, Njeru said.In January, Pula raised $6 million in a funding round led by London-based TLcom Capital, to invest in new markets, strengthen existing products and design new ones. Njeru said the company’s next targets are Brazil and India.
India reports nearly 3-lakh fresh COVID-19 cases 2,023 deaths
he total number of vaccinations in the country stands at 13,01,19,310. According to the Indian Council of Medical Research (ICMR), 27,10,53,392 samples have been tested for COVID-19 up to April 20. Of these, 16,39,357 were tested yesterday.
Notified new policy on rare diseases, approved budget of Rs 25 crore for treatment: Centre to HC
Regarding funding of the treatment to be provided to the children suffering from rare diseases, the ministry said that funds allocated for the purpose in the financial year 2020-21 were unutilised and lapsed.
However, Rs 4.10 crore under the rare disease component of the umbrella scheme of Rashtriya Arogya Nidhi (RAN) for 2020-21 has been remitted to AIIMS, the ministry said and added that the budget estimate for 2021-22 for treating rare diseases was Rs 25 crore and this amount can be enhanced based on its utilisation.
Many Indians struggle to get coronavirus tests as cases rocket
Doctors and patients in New Delhi and financial hub Mumbai said it was taking between three and eight days to find slots for the highly accurate RT-PCR tests and get their results.
Covid vaccine-makers largely protected on side effects
While some governments will pay compensation due to sufferers, others assume it is the responsibility of the companies even after drug agencies back the vaccines.
In the US, the Public Readiness and Emergency Preparedness Act authorises the health secretary “to limit legal liability for losses relating to the administration of medical countermeasures such as diagnostics, treatments, and vaccines”.
J&J, other drugmakers go to trial in US in $50 bn case over opioid abuse
Populous counties like Santa Clara, Los Angeles and Orange accuse Johnson & Johnson, Teva Pharmaceutical Industries Ltd, Endo International Plc and AbbVie Inc’s Allergan unit of fueling a drug crisis that according to the U.S. government resulted in nearly 500,000 opioid overdose deaths over two decades.
US advises its citizens to avoid travelling to India due to COVID spike
“Because of the current situation in India even fully vaccinated travellers may be at risk for getting and spreading COVID-19 variants and should avoid all travel to India.If you must travel to India, get fully vaccinated before travel. All travellers should wear a mask, stay 6 feet from others, avoid crowds, and wash their hands,” US advisory said
SC stays Allahabad HC order directing COVID-19 lockdown of 5 UP cities
The blanket lockdown imposed by the Allahabad High Court in its yesterday’s order, in these five cities, in the state, in terms of the impugned order, could create immense administrative difficulties would be as very rigorous as lockdown, Solicitor General Tushar Mehta. said.
China launches first class-action lawsuit in war against corporate fraud
China introduced the class-action mechanism to capital markets last year as part of efforts to crack down on corporate malfeasance and bolster investor confidence.
Although corporate fraud is not uncommon in China, retail investors have historically had little chance to make their voices heard. Small investors often likened legal action to ants fighting elephants.